What is Theta?
Theta is an open source protocol that powers a decentralized streaming network. It will allow for decentralized apps (DApps) to be built on top of the platform to enable use cases that span esports, entertainment, and peer-to-peer streaming.
What is Theta Fuel (TFUEL)?
Theta Fuel is the operational token of the Theta protocol. It is the second token in the Theta protocol that works in conjunction with the Theta Token. It powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts.
How does it work?
Theta is comprised of two parts. The first is its video delivery network. This is formed from nodes that join the network and contribute their bandwidth. This network is what forms the actual decentralized video delivery. The second part is the Theta blockchain. This is for incentive purposes, to give a reason for participants to join the delivery network.
What does it aim to solve?
Currently, video delivery networks suffer from poor reach to less developed countries, a high-cost setup and a centralized makeup. This lends itself to abuse and cutouts to service.
Theta is building a peer-to-peer (P2P) mesh network that aims to solve these current issues while using a blockchain to serve as an incentive layer to keep the delivery network at a continual high performance.
What are the features of Theta?
Proof-of-Stake blockchain with extremely high throughput
Higher revenue for content creators
Reputation Dependent Mining
Contribute unused bandwidth to distribute video and get compensated in Theta